Effectiveness of implementation of government programs and regional measures to support mortgages in Volgograd region

The article is devoted to the analysis of mortgage lending in Volgograd region in terms of compliance of the implemented mortgage programs to ensure affordability of mortgage lending for the residents of the region. The relevance of the topic of the study is connected with the need to develop mortgage lending in Volgograd region and increase the efficiency of mortgage programs. The purpose of this article is to identify problems and study promising possibilities to maintain the availability of mortgage loans for citizens of Volgograd region. The article analyzes the state and trends of mortgage lending development in the region from the position of solving the problems of its strategic social and economic development. The authors study state mortgage programs existing in the region. It was shown that these programs are not effective enough, and a number of problems that hinder their further development were identified, namely: decline in real incomes of the population; insufficient funding of public mortgage programs; inefficient use of budget funds in the implementation of mortgage programs; decline in number of houses put in service in the region; bankruptcy of construction companies; monopolization of the construction market of the region; high cost of dwelling units and mortgages; high share of families in need of improved housing conditions. To solve these problems, it is suggested to change the methodology for financing state mortgage programs, reduce mortgage interest rates for residents of Volgograd region to an optimal level. The mentioned measures will help to increase the efficiency of mortgage programs and mortgage affordability for citizens. At the same time, it is of particular importance that the suggested measures are universal in nature and can be used for the development of mortgage lending in other regions.